Chelated Micronutrient Fertilizers Market Size, Share, and Analysis, By Form (Liquid, Powder), By Type (Zinc, Copper, Iron, Boron, Manganese, Molybdenum, Others), By Application (Foliar, Soil, Fertigation, Other), By End Use (Horticulture, Agriculture, Ot

Chelated Micronutrient Fertilizers Market Size, Share, and Analysis, By Form (Liquid, Powder), By Type (Zinc, Copper, Iron, Boron, Manganese, Molybdenum, Others), By Application (Foliar, Soil, Fertigation, Other), By End Use (Horticulture, Agriculture, Other), and Regional Forecasts, 2022-2032.

PRODUCT OVERVIEW

Global Chelated Micronutrient Fertilizers market is valued at USD 0.8 billion in 2021 and is expected to reach USD 2.1 billion by 2032, increasing at a CAGR of 9% during the forecast period, 2022-2032.

Chelated trace elements assist in increasing the production by supplying the required nutrients. Chelating process together with chemical EDTA, creates a protective ring surrounding the nutrients, which shieds it from being held up in the soil or by other nutrients. These nutrients can be used along with foliar fertilizer or starter fertilizer. Several benefits associated with chelated micronutrient fertilizers like easy storage, quick water solubility to create nutrient solution will assist in the growth of the market.

MARKET HIGHLIGHTS

Global Chelated Micronutrient Fertilizers Market is expected to project a CAGR of 9% during the forecast period, 2022-2032.

Global Chelated Micronutrient Fertilizers market is expected to reach USD 2.1 billion, growing at a CAGR of 9% during forecast period. The rising awareness regarding health benefits offered by food grown using the micronutrient fertilizers is expected to fuel the demand for Global Chelated Micronutrient Fertilizers Market and in turn, will drive the market growth. Chelated micronutrients help in providing the optimum availability of nutrients. Micronutrients play vital role in plant physiology. They assist in healthy development of plants. They help in improving microbial activity in the soil.

GLOBAL CHELATED MICRONUTRIENT FERTILIZERS MARKET SEGMENTATION:

Zinc segment is expected to dominate in the forecast period.

Global Chelated Micronutrient Fertilizers Market is classified based on the Type into Zinc, Copper, Iron, Boron, Manganese, Molybdenum, Others. Zinc is expected to dominate the global market over the forecast period owing to the demand for zinc in activities related to growing plants as it plays major role in energy production, protein synthesis, and regulating the growth of the plant. The activities related to growth & development of a plant would cease due to the lack of certain enzymes in plant tissue.

Soil segment is expected to dominate in the forecast period.

MARKET DYNAMICS:

Growth Drivers

• The Micronutrients Deficiency in Soil is Expected to Boost the Growth of the Market
• Increasing Research and Development Activities May Boost the Growth of Market

Restraint

• High Price of the Product May Hamper the Market Growth

GLOBAL CONGESTIVE HEART FAILURE TREATMENT DEVICES MARKET_KEY PLAYERS COVERED:

• Boston Scientific Corporation
• Abbott
• Johnson & Johnson Services, Inc
• Mayo Foundation
• Medtronic PLC
• Biotronik SE & Co., KG
• LivaNova PLC
• Berlin Heart GmbH
• Abiomed, Inc.
• ReliantHeart Inc.
• St. Jude Medical
• Teleflex, Inc.
• Edwards Lifesciences Corporation
• Jarvik Heart, Inc.
• MicroPort Scientific Corporation
• Other Prominent Players

REGIONAL ANALYSIS
Global Chelated Micronutrient Fertilizers Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America region dominated the Global Chelated Micronutrient Fertilizers Market in 2021 and is also expected to dominate the same over the forecast period owing to the favorable climatic conditions and rooted agriculture industry. The high adoption of crop nutrition and usage of micronutrient fertilizer is expected to boost the growth of Global Chelated Micronutrient Fertilizers Market. The rising awareness of the benefits using micronutrient fertilizers in crop production is expected to boost the growth of the market.

Segmentation

Form

• Liquid
• Powder

Type

• Zinc
• Copper
• Iron
• Boron
• Manganese
• Molybdenum
• Others

Application

• Foliar
• Soil
• Fertigation
• Other

End Use

• Horticulture
• Agriculture
• Other

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis

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